Renovation loan for a cherry hill, nj house
My husband and I are trying to put an offer for a house in Cherry Hill, NJ which is being listed due to an estate sale. The entire house needs to be cosmetically renovated and the seller has priced it lower to allow for this. However, due to county limitations we don’t qualify for a 203k since the house is over the limit. We are looking into a home style loan but there’s still a limit that requires us to have to put a lot out of pocket. The after repair value will be about $100k more than total house and repair cost after everything is done. Any way to be able to borrow more for a renovation loan?